Merchant Cash Advance Benefits

With the economy taken a dive the past 24 months no business types have taken a beating more than the mom and pop small business.  The mom and pop business has been for years the back bone of this great capitalistic society and today 99% of all financial institutions will not even look at small business who's applying for a business loans.  That is where the MCA or Merchant Cash Advance has stepped up and creative a means for small business owners to get their hands on some financial help based on how much their business is processing in Visa, MC and discover card.  Below you will find 8 key points as to why the MCA is such a great offering to the small business owner and also why so many merchants are applying for this product.

1. It’s unsecured: No collateral to qualify.

2. It can be renewed: After 80% pay back of the advance the merchant can renew for a new amount and advance.

3. Merchants are can be funded in as little as 5 business days: Please note that Merchant must turn in a complete application packet to be funded in 5 days.

4. There are no restrictions on how the funds can be used: Merchants can use their advance for payroll, inventory, a line of credit and cash flow.

5. Easy requirements: A merchant must have owed his/her business for at least six months, have no unresolved bankruptcies, have at least one year remaining on the business lease and process a minimum of $4000 in monthly credit card sales.

6. Applicants can be approved in 48 hours: Most providers will update an applicant on the status of his/her application only 48 hours after the application is submitted.

7. Merchants can get up to $200,000: Funding is dependent upon a merchant’s monthly credit card sales. However, merchants can potentially receive up to $200,000 for their businesses at a time.

8. Repayments are flexible: We deduct a small percentage from daily credit card sales to repay the advance. With this method, the payments go with the flow of the business.